Abstract

This chapter discusses the future and present of energy consumption, the potential improvements in the efficiencies of energy use, and about the relationship of energy demand and detailed economic activities. MEDEE-2 model offers a means of collecting and processing large numbers of assumptions and calculating resultant energy use. MEDEE-2 results are presented in the chapter for Regions I through VI. The approach adopted for making energy demand projections using the MEDEE-2 model is a relatively detailed one. Once these detailed projections are made, they can be aggregated into demand categories, such as transportation, household, agriculture, and industry. These broad categories, as well as the total, can then be analyzed and interpreted in terms of various elasticities including energy price elasticities. Any unreasonable result in terms of elasticities is then a signal for re-examining the related combination of detailed assumptions and projections in the MEDEE-2 framework.

Item Type:

Book Section

Additional Information:

Proceedings of a Seminar of the United Nations Economic Commission for Europe, Washington D.C., 24–28 March 1980